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on everyone without losing revenue, we get more revenue because we continue will glow the economy, these kinds of pro growth tax reforms, ronald reagan and tip o'neill did it, we are proposing it that a pro growth sleuth t solution to gete back to work. neil: left out but a remarkable insight was a added come about what happens when you remove credits and exemptions and special allowances, the same thing that ronald reagan did in 1986, idea, making sure those who dodge taxes pay something in taxes, something ryan, said he is open to do emany conservatives in the party, say, any time do you that, it is a kin to raising taxes, ryan draws a major ca to take in what pat buchanan, on this fast moving development. what do you make of this. >> when i was ai i a kid was tha saying that rich pay more than anyone else but everyone contributes there is concern that you hear 47% or 49% are not paying income taxes at all. let me say with regard to what ryan talking about. if you drop rate from 35 to 28, you have to cut or cap interest deductions, for state and local income taxes, and there is a relucreluct
questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
president obama. but mitt isn't having it, trying to get ohio voters to the right by focusing on the economy. >> with incomes going down, every year, every year going down, down, down. prices of electricity up and health insurance up and the cost of gasoline, having doubled, these are tough times. even for families with jobs. i know what it takes to get this economy going again. cheryl: so what would a tax plan under a romney/ryan administration look like? rich edson breaks it down for us. rich? >> reporter: well, cheryl, democrats call it a giveaway to the rich at the expense of the middle class. republicans say they're wrong, and this morning governor romney defended his tax plan. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. by bringing rates down, we'll be able to let small businesses keep more of their money to hire more people. >> in the end the details are really up to congress. romney's proposed cutting every tax rate by 20%. to insure the treasury department takes in about the same amount of money under a new system,
, but the fact he was not speaking optimistically about the economy and the effects of qe3 on the economy sent a damper on the stocks. a nice way to begin the day with 75 up on the dow, 3.6 on the s&p, and, again, nasdaq is the only one in the red. lauren: sometimes the fed tie doesn't list everything. silver ending at seven month highs. look at that. david: oil, a little of a rise, natural gas, though, we want to focus on natural gas because we have seen that thing grow for the past month or so. it was up 5% today. if you're looking for some play in energy, oil seems a little too hectic for you, go to natural gas. with ce get -- can we get that up there? okay. switch to airlines. lauren: they are seeing a pop today. as you see, there was a report out earlier saying the outlook for the airline industry is improving. that's a good sign. look at that. up arrows across the board. david: ibm, you knew it was a pick when warren buffet went in there. today, look at this, an all time 10-year high at the top there trading at $210.43 per share. that was a 1.5% jump today. a nice big move by ibm. fed ch
of the regime? plus, our all-star panel previews tonight's presidential debate. the economy takes center stage. we'll find out what president obama and mitt romney have to say to win voters. >>> bald may or may not be beautiful. it is in the eyes of the beholder but is it all powerful? will it could give some men a big advantage in business. even when they say it's not, it is always about money. melissa: let's take a look at the day's market headlines. a choppy day for stocks. better than expected data from adp on private sector jobs and unexpected rise in service sector activity. din actually give a boost to wall street. the dow rose 12 points. meanwhile shares of hewlett-packard plunging to a nine-year low. ceo meg whitman warned profit and revenue will fall through the coming fiscal year. whitman says, the company's ongoing turn around effort is causing the gloomy outlook. >>> shares of netflix leaping more than 8%. a top citigroup analyst gives the company a strong outlook saying it is due to improved satisfaction among netflix subscribers. finally. take a look at that stock though, on fir
the economy going. worked for kennedy, for reagan, worked in the early part of the last decade. it will work again. >> we have to do something. since the recovery began, by the way, june 2009, household incomes are down 5.7%. that's since the recovery. when you're in a recovery, incomes are supposed to go up. >> yeah. what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's doing is lowering deductions and exemptions. great. i wonder if somebody will get around to telling me what those deductions and exemptions are that he's going to lower. he's been running for president for seemingly half a century and none of us know what he plans to do. i may like it, but he hasn't told me. >> the bottom line of what he's going to do, minus the specifics, he's going to lower tax rates by 20% for all income groups and get rid of the special deals and deductions that some of the big guys get. >> well, y
explain why they are the guys to economy and turn it around. welcome to "the willis report." >> good evening from everyone. i am cheryl casone and for gerri willis. president obama into the podium at the united nations to defend his foreign policy. all eyes are on him. anti-american protests continued to rage on. the president making clear that he is hopeful enact let us remember that this is a season of progress. for the first time in decades, nations and libyans and egyptians voted for new leaders that were credible, compatible and fair. cheryl: has a change to something more dangerous? tonight, we talk to our expert from the hoover institution. today, he definitely handled the issue of the middle east. but critics say he has made too many missteps come back. >> he really didn't. president obama has to, begin with, changing his story. his administration described the crime that had taken place in benghazi is related to the video. it wasn't video. it was an act of terrorism. this story has changed. this is the background. so much for the rest is a good deal of revision of history. c
are so down in this economy, our question is, how is it swing state voters feel up about things, and make sense of the president when folks who hire imare not. to -- hire them are not. noel, that is a big, big political disconnect. >> you know, i actually that is true, because i have to tell you, the cfo is the heart beat for corporate america. they are seeing you know the financial side of things, and they are negative, and depressed about it, that is something you should take notice. i just did a private round table for senator wicker out of mississippi. we had about 10 businessmen around for this fund-raiser, one of guys was a cfo of a very large company, and very well respected, senator wicker asked him, what do you think about the future? what is your feeling? he actually said, well, i'm loading up on gold bullion, i'm go to buy a farm in arkansas, i thought that should tell you a little bit about something. neil: they are not all that way, maybe, but, market last couple of days notwithstanding has narrowly, taken all this in stride. i am wondering whether you think to its own peril,
that will be the headline on thursday morning? probably not. the debate is supposed to focus on the economy, a tough subject for the president. minutes from now, another report on manufacturing and it's likely to confirm an economy on the verge of recession. contrary to media reports, governor romney's campaign is not dead. a rasmussen poll gives him an edge among voters who will definitely vote and see his tracking poll of likely voters first on this program minutes from now. no letup in tax the rich mania. the u.n. takes aim at the richer people in america and europeans riot again to make them pay for, well, for everything. and then there is this, the european beat americans at golf again. but cheer up, "varney & company" is about to begin. >> good morning, "varney & company," today is monday october the 1st. wednesday is the first presidential debate and the obama campaign spent the weekend trying to low up media expectations that the president's already won. most mainstream polls do indeed have president obama in the lead, but according to rasmussen, governor romney has an edge among certain voters. 43
: nicole thank you. dagen: take a look at this. the u.s. economy growing at a very weak 1.3% in the second quarter, revised down from 1.7%. that is, well, lousy. connell: deputy editor at the "wall street journal"'s editorial page is here to tell us it's always the economy, stupid, at least that was your column? >> that's right. and any presidential election one way or another it is going to be about the economy, no matter how hard the candidates try to deny that. the most amazing one perhaps of all time is indeed the incumbent obama who is running as though the economy during his term didn't happen or at least if it happened, it was the fault of somebody who was president four years before him and what he wants to talk about is the economy he's going to create starting in january 13 which will consist of people having green jobs, making windmills and solar panels. i think the american voters are probably getting a little bit frustrated that no one will talk about the economy as it exists right now, dropping to 1.3% in the second quarter. the united states economy is barely, barely moving.
to stimulate the economy. again, i put stimulate in quotes because who knows if it is momentary for china. >> we have this bump of china of 2.5%, you can't underestimate the short-term tailwind, whatever they have for the economic expansion, especially on commodities prices. that is part of the reason why we have a significant progress. david: were you aware of all this? that is basically what it is. were you worry about it? >> i am very suspicious and wary. however, i don't think that the close is clear. a little bit underweight equities, as you well know, a lot longer for state solvents. david: keep the sound there. i want to hear there is any interaction. tim is joining us right now. when we think about these honeypots in the market? >> i agree with him. the market is clearly ignoring the negative news that we are seeing in the u.s. and the fact that we are in a recession and maybe longer in europe. it is not deterring people from buying stocks right now. you could certainly call it a bubble in general. i think equities was probably overheated here. given the weak industrial numbers, g
. on the issue that's supposed to be republican mitt romney's strength, the economy, he's trailing the president with a "new york times" news poll showing on the question of who can better handle it, ohio voters give the president an edge of 51% to 45%. >> i woke up every day doing everything i can to give american workers a fair shot in the global economy. >> there's danger signs. they declared ceos see slower economic growth the rest of the year with lower expectations for sales, capital expenditures, and hiring. the chairman of the round table, boeing chairman, said in a statement, quote, "the down shift in quarterly sentiment reflects continuing concern about the strength of the recovery including uncertainty over the approaching fiscal cliff." the sour report is more significant because he chairs the president's export council. >> i know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion
max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not how the economy works. >> gary b, it's spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years
in obama's handling of the economy and romney. we have two jobs report left before the election. do you think -- well, what do you think the impact will be? >> i don't think there will be all that significant because if it was going to be significant in the jobs report obama would be toast. he has had 43 months in his term so far where the jobless rate is above 8%. now, and all of the time between 1948 and 2009 when obama took office in cumulative months and which the unemployment rate was above. some 39 months and 43 months in just three and a half years of his presidency. those are the staggering your numbers. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rat
, released about an hour ago. gdp, gross domestic products, our big picture economy grew only at an annual rate of 1.3% in the second quarter. i said before, that's stall speed. i mean it. that's very, very low rate of growth. 4% the end of last year, 2 1/2% early this year, now, 1.3, that's a nasty down trend. all right, the markets opened, we did expect an up trend, up tick in the opening bell. we've got it. 25 points higher, ultimately maybe 50 points higher within the next couple of minutes. i want to call this the iphone effect. nokia may cancel its dividend in the face of big time competition from the iphone. okay, nicole, where did nokia shares open? let's start with them. >> they're a winner today. up 2.5%, all right? up 2 1/2%. cutting the dividend is certainly not good news, but they've priced their knew lumia, more than the samsung galaxy so they're pushing a new phone now and that's where the euphoria is surrounding nokia. stuart: i've got to say i don't get that. priced the new phone higher than the galaxy and now it goes up. and blackberry, research in motion, that stock has
and the economy growing 1.3%, 20 million unemployed i hear it is the economy stupid. the people are not responding to a horrible economy, a terrible pe situation and no plan to go forward. >> not attack ads notvery day i criticism they want to know not the specifics. >> we no hope and change was the fancy slogan. but that turned out not to be the case. they just beat up a president how much can you like a man who was not delivering?vering? at the end of the day he is a failed leader. ba i will cut taxes but i toepeo don't know how much. i will repeal but i have to wait.is presi oba but mathat is the mitt romney slogan.romney instead of saying here is my plan, i have been running six years. lou: if that is true the voters want specificity. why would they not what performance and the plan? >> but we don't have confidence in obama but less paular of governor romney. >> basically this president who ha has blamed his policy on hi failures now has a wonderful advantage to run against an an opponent he can blame is that correct? >> the thing that amazes meng ta i look at the polls. the country wants cha
such difficulty, you know, in the economy because of federal reserve policy. likelihood of hearing this, very very slim. and maybe seeing how would you balance a budget? in our campaign we had a precise plan of cutting a trillion dollars and balancing the budget in three years. you know, we're in this horrendous crisis and neither one of them are going to say anything, oh, maybe we ought to cut something. there's no proposal to cut anything. it's also tinkering around with massive automatic increases and the american people are starting to wake up and realize it is all fiction and they are not serious. connell: congressman paul, thanks as always. >> thanks. connell: fox business network, beginning at 8:00 p.m. eastern live from denver, neil cavuto will be on the next hour to talk about the debate. neil cavuto. dagen: the economy will be a big focus of tonight's debate. adp the payroll processing firm came out earlier this morning and reported that 162,000 private sector jobs were added last month. more than expected. to weigh in on that, and the debate, the head of u.s. interest rate strategy at u
if the economy is growing 3% or above, the presidents would have major headwinds. he will be facing trouble for it. lou: recent polls show incredibly that the romney campaign has been unable to capitalize on the president's economic policy failure. >> we will take all of that back up again. also, israel's prime minister benjamin netanyahu, calling on the united states and united nations to draw a clear red line on iran's nuclear program and former ambassador john bolton. also, shelby steele on how group and identity politics is shaping this presidential election. turning back to the president's so-called new economic patriotism, the polls and what we can expect over the final 40 days now until election day. clinton adviser, fox news political analyst, doug schoen. also, ed rollins, former reagan political director, it's good to have you with us weather thank you very much for having me. lou: let me start with this new theme. we can all agree that the president has a thing called forward i want to understand, if you will, the motto or mitt romney. this is a man ready to sell himself. you don
calling for higher taxes on the rich and new spending plans and it comes as we find out the economy's slowing, and someone here says the economic patriotism will only cause this number to keep growing. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the o
losing steam. let's take a look at some good news economy released. institute for non manufacturing index rose 5 to 55.1 in september. that is up from last month. any reading above 50 signals activity is expanding. on the jobs front private sector payrolls increased by 162,000 last month according to the payroll processing firm adp. that is higher than expected. positive news boosting stocks, the dow losing steam. volume below average even by recent standards. hewlett-packard the biggest drag on the dow hitting its lowest level in ten years after the company issued a very bleak forecast for the 2013 period due to a decrease in technology spending worldwide. oil falling well below 9500 in terms of slowing demand. the impact of china and drop in oil prices making the energy sector the worst performing sector today. oil settling down by $3.75. i am here filling in for liz claman because liz claman is in cleveland, of ohio. her old stomping ground as part of the open for business series and liz will talk to business leaders to find out how the city turned itself around. we want to know. give
: tonight the economy takes center stage as mitt romney and barack obama face the states. they are here for our debate warm-up. is from the getting more specific about the tax plan? we think so. we have the details. welcome to "the willis report." hello, everybody. i'm gerri willis. tonight is the night. obama versus romney. this same stage. the expectations are sky-high. it seems like all obama had to do is show up. with more on this neil cavuto from denver. can romney meet these expectations? >> they are high expectations. the pressure is on him because of these polls. i often think that a lot is put on the challenger. sometimes he can benefit by showing up and sharing the stage with the president of the united states. already on equal footing with him in that respect. he does have the advantage of a dicey economy going forward. the president's supporters say it is not as it had been, and there is some economic news today that portends may be the worst is behind it. but i agree with that. if you want to be in game changer this is the night. and no one doubts the earlier point. he has
vote is virtually even nationally. this will be all about the economy. this will be about debt. this will be about health care. this will be about all issues domestic. libya will not come up. syria and some of the increased fighting there, foreign affairs, will not come up. no doubt, mitt romney will try to work that into the theme of whether we continue to pour good money after bad in the region, that's debatable. it could be created, but likely not happening tonight. the focus on that debt, on the economy, which mitt romney is saying is going to hell in a hand basket, and obama forces say, it's a nicer hand basket than it was. we have no idea how they sell the argument. we know their people are out in droves in the room behind me where they pitch their respective argument and sort of pitch their standard lines. what i think is interesting about the room is this is the place before the debate each side is telling what a lousy debater their guy is. in this room, it's not spinning. by the enof the night, i might be. they -- they each say how poorly they expect their candidate to
slow growth, durable goods, going down a cliff, and suggesting an economy that is stumbling. let's bring in mary kissel. >> thank you for having me. speak to a new economic patriotism. what does that mean? should we buy american or not criticize the economy because it's un-american? >> it means that you should buy the argument that he is not the one responsible for the economy that we have now. he wants you to think any focus on the future and not the present. it is really quite an amazing advertisement. ashley: when you look at the numbers, they are not particularly good. you would think that they should play right into the hands of mitt romney, but he doesn't seem to be taking advantage of it. it suggests, the pulls through, that mr. obama is extending his lead remark there is certainly a lot to you can take issue with. he going to devalue the dollar little further? give tax breaks to companies he is taking credit, he wants to spend more taxpayer money on infrastructure, math and science, ashley, where people who buy it. ashley: what's interesting is that he has managed to fra
say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben beanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more tan $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper late fees. are we in a recession right here, right now? our own peter barne
. the payroll services firm, adp, said the economy added 162,000 private sector jobs last month. that topped estimates of 143,000. now the august number, that was revised down by 12,000 to 189,000. of course we have to look ahead to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all right. we've got all this covered plus a lot where we have larry shoafer in the pits of the cme group. bob phillips, telling us why the recession already here. legendary investor wilbur ross who needs no introduction and will tell us what is he investing. larry over at the i know talking with nicole that hewlett-packard was bringing down the whole index. you look at oil. it is hard, you can't call it a crash but a 4.25% drop in oil is the biggest drop we've had in months. doesn't that show you that we're at a tippingpoin
three subjects will be the economy, the economy, the economy. then the fourth subject will be health care. medicare, financing, and health care financing. to what your panelists were just talking about, this topic will i think this goes if you want the think about how to simplify the debate, one of my other bosses said, how much government really wants to match the much are we really willing to pay for? that is pretty simple. neil: that is what every election, if you think about it comes down to parry the middle of a crisis, but to that point, you say that 15 minutes, address these insurance. there are still time done answers to each question. can they go at each other, you know, unencumbered by a moderator or dominion know, something that it's in the way of them getting at each other? >> absolutely. the only ground rule is there will be a question posed at the beginning of each segment to each candidate and then they get about two minutes to go lay out what they have to say on an issue like the deficit, infrastructure, the economy. and then they really are going to be asked by the m
further than that. a lot of people think it is a economic indicator. if financials do well the economy could follow. certainly hope so. >> "money" with melissa francis now melissa: i'm melissa francis and here's what's money tonight. is the u.s. actually in recession but we don't even know it yet? recent numbers have been terrible. many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben bernanke. the fed chairman defended his money print
for lou dobbs. an election that was supposed to be all about the struggling economy, right? now leading to questions over the president's handling of foreign policy and the administrations truthfulness to the american people. to reporreport the united states diplomats in libya asked the obama administration repeatedly for additional security right up until the september 11, 2012 attacks. house oversight committee chairman darrell ice looking to secretary of state hillary clinton for answers. telling congressmen issa the extra resources are being denied despite firebombings and online death threats. vice presidential nominee paul ryan seizing onnthe commission to launch attacks at the democratic ticket. >> feature if you turn on the ty you can see that the obama foreign-policy is unraveling before our eyes. it's not just an isolated incident where we lost four americans in libya. that's tragic. but it is part of a bigger story of the unraveling of this agenda all over the world. we have distanced our ally, israel, we are not advancing our interests in the middle east, and the president i
for iran and the economy and perhaps take a military course. melissa: yeah, it feels like we're not having impact. that's why we're talking about all these things tonight. thank you very much ambassador, for coming on. >> thank you very much. melissa: hoards of demonstrators violently taking to the streets of greece and spain to protest new austerity measures. governments are trying to take one step forward to solve the continent's debt crisis but some citizens seemed determine to take two steps back. with the u.s. trying to solve its own looming debt crisis could we see this kind of turmoil break out here? steve moore from "the wall street journal" joins me with more on this. we watch these protests going on in the streets and the first thing on my mind is that it seems like things are getting worse instead of better across europe and i thought that we had sort of solved, at least part of the financial crisis there but, you know, we're looking at these pictures. what do you think, steve? >> i will answer your question whether this kind of thing could happen here, melissa because i think t
beyond the numbers and find out if the u.s. economy is already in recession. we'll tell you what some economists are saying. if you think the situation was close. obamacare may be making its way back to the supreme court. welcome to "the willis report." gerri: hello, everybody i'm gerri willis. high-stakes of the first debate has candidates leaving. nothing to chance. president obama and governor romney racing to get in last minute prep before going face-to-face first debate next wednesday in denver that is. what should we expect? let's ask bill kristol, editor of "the weekly standard" and byron york, chief political correspondent for the "washington examiner". welcome to you both. byron, i'll start with you. what does romney have to do to show up roads in here. even voters say they don't expect him to win? >> well the thing, he has to do the same thing he had to do all along which present himself as a good alternative to the president who will take the country in a different direction than the president and can point out the numerous flaws in the president's record. i mean, i wonder
economy through the gulf. melissa: what do you think is the appropriate response? because we were talking on the show yesterday about how sanctions it seems like are not necessarily working because we highlight ad company that is going ahead and buying iranian oil and is reportedly then selling it to china? because seems like the sanctions are not necessarily that effective. >> for a simple reason, melissa that not all of those who should be putting sanctions are putting sanctions. iran is trading with everybody else than the coalition that is putting sanctions. sanctions alone won't work. they are necessary but, the only thing we need to do. number two, you have the military capacity strike. that is only when we are sure that the iranians crossed that red line. third and most important i guess is work with the iranian opposition, with iranian students and women and minorities those who took to the streets in tehran remember in june 2009? they were very close shaking up the foundation for the regime. unfortunately washington did not seize the moment there. melissa: walid, thank you very m
obama will be there, too. remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the washington examiner's reaction to that quote. worry about obama being too professor professorial to couch-sitting beer drinkers. the polls have him ahead and bill o'reilly is here to talk about the debate and how the media will spin it. all the names at the top of the hour. bill o'reilly. and talking to college student at university of michigan as part of the job creations solutions tour, and responded to the heckler. listen to this. >> this is the-- [crowd boos] . >> usa, usa. >> and that economy 25% of the world gdp. stuart: you want to hear more of his defense of americ
. >> . >> neil: we'll call it a tale of two economies. there was confidence at the highest level we've seen since february and their bosses or appoint ceo's some of the largest companies in america, they're not feeling so rosie. ten out of seven expect hiring to be flatter, actually lower. and charlie gasperino, it's time to start? >> yes, i think that, again, i'm going it defend ben bernan bernanke. >> a shock. >> every time you say something-- >> i criticize him a lot. >> neil: i've never heard it. >> printing money and is necessary to prevent us from-- >> so you're worried and he's the only guy in the line of defense? >> you think there's somebody else? >> and mr. payne? is charlie going to bank on-- >> i'm sorry, i'm on to mr. payne. >> the ceo's-- the problem and they point specifically to the administration and listen, if you think this first, this war on success, this war on business is bad right now, a second term in my mind will be devastating because i sincerely believe the administration is going to have after profits generated overseas before they're brought back and reach over and ta
18,000 jobs in the sector. that is where the economy is being structured these days. 10,000 jobs in construction. manufacturing, 4000 jobs. melissa: we were looking at 113, does that make that same life? i just want to remind everyone that is not a good number. >> finding the list that the government number includes state and local layoffs. i don't think that adp number includes that. when you look at those two numbers since january, you will see a defeat for 172,000 jobs a month where it is about 150,000. it has to be above 200,000 to keep up with population growth. again, 8.2% we are looking at coming in for friday. lori: full employment around 4%? nobody talks about that anymore. >> we just talk about the jobless rate. lori: the temperature is going down, find your heating costs going way up? the impact the winter will have on the economy. melissa: take a look at metals had with those who break. gold trading up. copper, basically what. we will be right back. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier
. this is for that reason. their economy will suffer a double little bit. they need crude-oil. people driving cars over there show the market coming of the way it did. those cracks blew out today. refinery fire in canada turned out to the storage tank. if you look at the cracks between the prices of crude oil versus gasoline that made a tremendous move today and there are other factors. may be a blip in that market but those cracks have been strong going forward so you will see strength in the product versus crude even if the crude comes -- will move out. cheryl: one other issue. talking about the election and november around the corner. do you find people sort of have true conversations about investment decisions at the end of the year? >> absolutely and people will be more concerned about that in october. the first of three presidential debates was the vice-presidential debate. people are disgusted with the lack of movement in washington concerning the fiscal cliff so part of the problem, the apathy in the market is people don't know where to go. very unclear and the light at the end of the tunnel is
for pouring more fed dollars in economy, and the markets pulled back. rich edson will have more on mr. bernanke's speech coming up. and the dow is still up, 161 points, that is the biggest intraday point gain, by the way, since september the 13th financial stocks leading the dow right now including, yes, the bank of america, america express, jpmorgan all having banner days. microsoft remaining the biggest laggard after two price targets cuts from jeffrey's and rbc. we've got traders at the new york stock exchange, the cme group and the nymex. let's take a look at the cme, charlie needles, the cme. charlie, what a day? is it all on the back of the ism numbers? >> it is. you know, chi pmi came out overnight, and that showed things have stabilized there, in china. european pmi was in line, not lighting the world on fire. a little concern over the employment situation there. but if you look at the breakdown of the u.s. pmi, you kind of hit on all cylinders. the prices paid was actually a little higher, but if you're trying to reflate the market, that's a decent measure. it had been 54 las
happening in the economy, disease -- does it not? >> i agree. look, there are major headwinds out there. it's hard to be positive about anything. europe's slowing down can, we're printing money like crazy, and when you're dealing with a world where the growth is coming from reducing friction as opposed to sort of increasing thrust, there's just not a lot of foundation there. there's nothing solid that investors or anyone can really stand on to be positive, in my opinion. david: and, stephen, i didn't like what ben bernanke and his buddies at the fed did, but the fact that they did that indicates that what they were seeing -- they have access to all kinds of data we don't have access to -- what they saw was something bordering on recession, otherwise they would not have gone all in as they did with qe3. >> yeah. you know, make no mistake, from the longer-term perspective, i agree. the negative impact of this easy money, you know, will catch up with us, but i think it's still several years down the road and probably comes most likely in the form of inflation. but right now particularly the eq
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